News Middle East27 Feb 2020

AGCS to shut Dubai operation due to high cost base and stagnant premium growth

| 27 Feb 2020

Allianz Global Corporate & Specialty (AGCS) has confirmed that it plans to close its office in Dubai, subject to regulatory approvals. There will be no new business after 30 April 2020. However the office will remain open until the end of the year. This decision comes after a strategic review of the office and its future potential, said the company in a statement.

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